TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.97 per $10,000 · paid last 24h −0.027%

Price spread now: edgeX against GRVT−0.065%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.065%, 7d avg −0.012%

Together, before fees+0.002%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.054% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1352	0.0004	pay 0.0002% / 4h	48m 40s	$179K	$4.0M	10x
Short	edgeX TRUMPUSDC	2.1338	−0.0190	pay 0.0095% / 4h	48m 40s	$104K	$253K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee edgeXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$40.68
Price spread: −0.065% → −0.012%: −$5.37
Slippage, 4 orders: −$37.17
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$101.22
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; edgeX: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 3 min ago	2.34 bp	6.8 bp −$7	20.5 bp −$205	2800.0 bp −$280.0K	doesn't fit
Sell edgeX live order book, 57 min ago	9.33 bp	16.8 bp −$17	41.9 bp −$419	doesn't fit	doesn't fit

TRUMP on 32 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX TRUMP-USD	−0.0464%	1h	2.1325	−0.126%	$80	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0386%	4h	2.1390	+0.178%	$62.5M	$236.1M	75x	as long as short
Extended TRUMP-USD	−0.0384%	1h	2.1333	−0.090%	$73K	$483K	25x	as long as short
Variational Omni TRUMP	−0.0381%	4h	2.1339	−0.059%	$664K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0337%	4h	2.1390	+0.178%	$31.1M	$48.1M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1270	−0.384%	$125K	$520K	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0310%	4h	2.1380	+0.131%	$27.0M	$172.4M	50x	as long as short
MEXC TRUMP_USDC	−0.0280%	4h	2.1370	+0.085%	$387K	$142K	125x	as long as short
Lighter TRUMP	−0.0248%	1h	2.1378	+0.122%	$914K	$929K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1309	−0.200%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0244%	4h	2.1350	−0.009%	$7.6M	$46.2M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0238%	4h	2.1360	+0.038%	$4.3M	$10.0M	50x	as long as short
edgeX TRUMPUSDCshort	−0.0190%	4h	2.1338	−0.065%	$104K	$253K	20x
Paradex TRUMP-USD-PERP	−0.0162%	8h	2.1376	+0.111%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0146%	4h	2.1280	−0.337%	$4.3M	$652K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0090%	4h	2.1260	−0.431%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0034%	4h	2.1370	+0.085%	$15.4M	$24.7M	75x	as long as short
dYdX TRUMP-USD	−0.0027%	1h	2.1385	+0.153%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1310	−0.194%	$18K	—	3x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1286	−0.309%	$382K	$67K	10x	as long as short
GRVT TRUMP_USDT_Perplong	+0.0004%	4h	2.1352	long leg	$179K	$4.0M	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1283	−0.321%	$40K	—	150x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.009%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1373	+0.099%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1380	+0.131%	$403K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1379	+0.125%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1330	−0.103%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1320	−0.150%	$482K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1290	−0.290%	$276K	$612K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0147%	1h	2.1331	−0.098%	$381K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0219% / S −0.0221%	1h	2.1301	−0.237%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0329%	1h	2.1313	−0.180%	$1.4M	$2.1M	50x	as long as short